XAU/USD.4h chart pattern.

2 231
XAU/USD (Gold vs US Dollar) on the 4-hour timeframe, and it indicates a bearish breakdown from an ascending triangle or wedge pattern. The trendline has been broken, and the price has moved below the Ichimoku cloud, supporting a bearish outlook.

📉 Bearish Targets Identified:

1. First Target Zone (Minor Support):

Price Level: Around 3,300 – 3,310

This is the first horizontal support area after the breakdown.



2. Second Target Zone (Major Support):

Price Level: Around 3,250 – 3,260

This is the second marked target and more significant support zone based on past price action.




🔻 Summary:

Pattern: Rising wedge / ascending structure breakdown.

Breakdown Confirmed: Price below trendline and Ichimoku cloud.

Target 1: 3,300 – 3,310

Target 2: 3,250 – 3,260

Stop Loss (Suggested): Above 3,380 (cloud resistance / previous high).


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